Ajinomoto (OTCMKTS:AJINY) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Ajinomoto Co., Inc. (OTCMKTS:AJINY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $41.12 and traded as low as $39.28. Ajinomoto shares last traded at $39.90, with a volume of 42,032 shares trading hands.

Ajinomoto Stock Up 1.3 %

The stock has a 50-day moving average price of $41.12 and a 200-day moving average price of $39.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.20. The company has a market capitalization of $20.28 billion, a P/E ratio of 33.53 and a beta of 0.14.

Ajinomoto (OTCMKTS:AJINY) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter. Ajinomoto had a net margin of 6.07% and a return on equity of 10.40%. The firm had revenue of $2.55 billion during the quarter.

Ajinomoto Company Profile

Ajinomoto Co, Inc engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The Seasonings and Foods segment offers sauces and seasoning products under the AJI-NO-MOTO, HON-DASHI, Cook Do, Ajinomoto KK Consommé, Pure Select Mayonnaise, Ros Dee, Masako, Aji-ngon, Sazón, Sajiku, and CRISPY FRY names; and solutions and ingredients for foodservice and processed food manufacturers, processed foods, and restaurants, as well as industrial, retail, and other applications.